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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?


To: ScotMcI who wrote (22459)7/9/1999 2:00:00 PM
From: Proud_Infidel  Read Replies (1) | Respond to of 25960
 
Scott,

LOL. You have the same complex as many others involved in this sector I am sure. I bought into it in '96 only to see gains from '97 evaporate, and in some cases tun into losses. The creeping fear will always be there for those long this sector since these stocks have had many false starts in the past three years.

BTW, at least those involved in this sector know they have a good ticker:-)

Brian



To: ScotMcI who wrote (22459)7/12/1999 12:50:00 PM
From: ScotMcI  Read Replies (2) | Respond to of 25960
 
Wow. I just saw $29. The meteor that destroys San Diego must be on its way. Wait ... wait ... NO! It's one of Zeev's giant turnips! (Sorry, just giddy again).



To: ScotMcI who wrote (22459)7/12/1999 10:43:00 PM
From: Dennis J.  Read Replies (1) | Respond to of 25960
 
For all you long-term CYMI investors who held through the big decline back in 1997, I feel your pain.

But the warning signals were there to be seen. While I cannot show you the point-and-figure chart, you can see one at www.dorseywright.com by signing up for the two week free trial.

In 9/97, CYMI broke out of a double-bottom formation and gave a short-term sell signal at $43. It continued down to 32 without a 3-box (3-point) reversal. It then reversed up to 39, before declining again, and gave a second sell signal by breaking a double-bottom at 29. This one must be heeded, as the stock broke the long-term bullish-support line at 30. CYMI then gave four more sell signals before finding an intermediate bottom at 14.

P&F would have kept you out of most of the decline, with good re-entry points at 12 and 18 to enjoy most of the up-move now at hand. Exit above 40, and re-enter below 20. Not too shabby.

Check the chart for yourself. Then buy the book. It's an easy read, and you will greatly improve your stock selection and entry/exit timing.

All just my opinion, of course. And it works for me.

Good luck.

Dennis